Karis Project
- Assets
- $70.1k
- Revenue
- $110.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Weyers Cave, VA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-2970811
Organization Overview
Karis Project is located in Weyers Cave, VA. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karis Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Karis Project generated $110.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $80.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KARIS IS A NON-PROFIT ORGANIZATION COMMITTED OUT OF GRATITUDE FOR GOD'S GRACE AND LOVE, TO HELP OTHERS WITH KINDNESS, LOVE AND COMPASSION BY OFFERING A CARING PLACE THAT FOSTERS CHANGES IN THE LIVES OF PEOPLE IN RESPONSE TO GOD'S CREATIVE WORK IN US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEEMER CLASSICAL SCHOOL - FACULTY AND PARENTS PARTNER TO PROVIDE PRE K - 12TH GRADE STUDENTS WITH QUALITY EDUCATION THAT PREPARES FOR A LIFETIME OF LEARNING AND LEADING WELL.
VALLEY PASTORAL CENTER - 3,000 WEST RICHMOND CHURCH OF THE BRETHREN - 2,500 CREATIVE WORKS FARM - 5,000 BLUE RIDGE CASA - 5,000 BRETHREN WOODS - 1,000 MENTAL HEALTH AMERICA-AUGUSTA - 2,900 VALLEY MISSION - 2,500 RENEWING HOMES - 2,000 AMERICAN SUICIDE PREVENTION - 500 ICHO-DEMI INTERNATIONAL - 2,300 STAUNTON AUGUSTA CHURCH RELIEF ASSOCIATION - 5,000 ALS FOUNDATION - 500 SKYLINE LITERACY - 5,550
ST. FRANCIS HAITI MINISTRY - PROVIDES HUMANITARIAN PROJECTS NECESSARY FOR THE HEALTH AND WELFARE OF THE PEOPLE OF LAGONAVE.
BRIDGE OF HOPE - TRAINS AND EQUIPS LOCAL COMMUNITY TO RESPOND TO HOMELESSNESS IN PRACTICAL, TANGIBLE, AND NEIGHBORING WAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Sumey Chairperson | OfficerTrustee | 15 | $0 |
Millard Driver Secretary | OfficerTrustee | 8 | $0 |
Dennis Miller Treasurer | OfficerTrustee | 12 | $0 |
Don Garber Gm & Directo | Trustee | 15 | $0 |
Linda Greene Director | Trustee | 10 | $0 |
Linda Scrogham Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,325 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $102,104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $400 |
| Office expenses | $3,093 |
| Information technology | $2,871 |
| Royalties | $0 |
| Occupancy | $3,504 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,402 |
| Insurance | $1,437 |
| All other expenses | $730 |
| Total functional expenses | $80,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $208 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,050 |
| Accounts payable and accrued expenses | $1,995 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,995 |
| Net assets without donor restrictions | $68,055 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,050 |
Grants Awarded
Over the last fiscal year, Karis Project has awarded $32,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE OF HOPE PURPOSE: EMERGENCY ASSISTANCE | $7,000 |
SKYLINE LITERACY PURPOSE: LITERACY PROGRAMS | $5,550 |
ST FRANCIS MINISTRY - HAITI OUTREA PURPOSE: PROVIDE FOR HEALTH | $10,000 |
REDEEMER CLASSICAL SCHOOL PURPOSE: BUILDING ADDITION | $10,000 |